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AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

(ANZ)
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Australia and New Zealand Banking : ANZ Capital Notes 6 Investor Presentation

05/31/2021 | 06:24pm EDT

News Release

For Release: 1 June 2021

ANZ Capital Notes 6 Investor Presentation

Attached is an investor presentation released today by ANZ relating to its offer of ANZ Capital Notes 6.

Investors who wish to apply for ANZ Capital Notes 6 should read the ANZ Capital Notes 6 prospectus in its entirety and seek professional guidance which takes into account their particular investment objectives, financial situation and needs from a professional advisor who is licensed by the Australian Securities and Investments Commission to give such advice.

For investor enquiries about the ANZ Capital Notes 6 Offer please visit capitalnotes6.anz.com or call the ANZ Information Line on 1800 113 399 (within Australia) or +61 3 9415 4010 (international) (Monday to Friday - 8:30am to 5:30pm AEST).

For media enquiries only contact:

Stephen Ries, Head of Corporate Communications +61 409 655 551

Approved for distribution by ANZ's Continuous Disclosure Committee

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE U.S.

This announcement does not constitute financial product advice and is not an offer of ANZ Capital Notes 6. ANZ Capital Notes 6 have not been and will not be registered under the U.S. Securities Act of 1933, as amended (Securities Act), or the securities laws of any state or jurisdiction of the United States and may not be offered, sold or resold, directly or indirectly, in the United States or to, or for the account or benefit of, any U.S. person (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the Securities Act.

Australia and New Zealand Banking Group Limited ABN 11 005 357 522

ANZ Centre Melbourne, Level 9A, 833 Collins Street, Docklands VIC 3008

ANZ CAPITAL NOTES 6

1 JUNE 2021

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

(ABN 11 005 357 522)

CONTENTS

OFFER SUMMARY

2

ANZ 1H21 RESULTS AND CAPITAL UPDATE

6

APPENDIX 1- KEY TERMS

18

APPENDIX 2 - KEY DATES

26

KEY CONTACTS AND DISCLAIMER

28

1

ANZ CAPITAL NOTES 6: KEY TERMS

Offer

Offer of ANZ Capital Notes 6 ("Notes") by Australia and New Zealand Banking Group Limited ("ANZ")

Includes a Reinvestment Offer under which Eligible CN1 Holders can apply to reinvest some or all of their CN1 in Notes

Offer size

$1 billion with the ability to raise more or less

Perpetual unless Redeemed, Converted or Resold

Term

Mandatory Conversion to Ordinary Shares on 20 September 2030 or following a Trigger Event or a Change of Control Event

Exchangeable at ANZ's option on 20 March 2028, 20 June 2028, 20 September 2028; or following a Tax Event or Regulatory Event

Discretionary, non-cumulative distributions scheduled to be paid quarterly based on a floating rate (3 Month BBSW), subject to

certain Payment Conditions including ANZ not breaching its APRA capital adequacy requirements

Distributions

Distribution Rate = (3 Month BBSW + Margin) x (1 - Australian corporate tax rate)

Margin expected to be in the range of 3.00% to 3.20% per annum

Distributions are expected to be franked at the same level as Ordinary Shares. If a Distribution is not fully franked, the cash

amount of the Distribution will be increased to compensate holders for the unfranked portion of the Distribution

In a Winding-Up of ANZ, the Notes rank for payment:

Ranking1

- ahead of Ordinary Shares;

- equally with ANZ Capital Securities and any other Equal Ranking Instruments; and

- behind depositors, senior ranking securities and other creditors of ANZ

ANZ is issuing the Notes to help meet capital requirements set by APRA. APRA requires ADIs to maintain a level of regulatory

Purpose

capital to help promote the stability of ANZ and protect ANZ's depositors and other creditors

APRA has confirmed that the Notes will constitute Additional Tier 1 Capital for regulatory capital requirements

ANZ will use the proceeds to refinance CN1 and for general corporate purposes

The Offer includes:

- Reinvestment Offer for Eligible CN1 Holders;

Offer structure

- ANZ Securityholder Offer for eligible ANZ Securityholders;

- Broker Firm Offer; and

- Institutional Offer

Record date - 7:00pm AEST on 27 May 2021

Listing

Expected to trade under ASX code 'ANZPI'

1. The ranking of Note Holder's claims in a winding-up will be adversely affected if a Trigger Event occurs. Following Conversion, Holders will have a claim as an Ordinary Shareholder. If a Note is

Written-Off, all rights in respect of a Note will be terminated and the Holder will not have their investment repaid.

2

SUMMARY OF OPTIONAL EXCHANGE DATES

The diagram below summarises certain events that may occur while the ANZ Capital Notes 6 are on issue, and what Holders may receive if those events occur. The events depend on a number of factors including ANZ's share price, the occurrence of contingencies and in some cases election by ANZ. As a result the events may not occur.

Issue

Optional Exchange Dates

Mandatory

Date

Conversion

Date

Potentially perpetual

8

20

20

20

20

July

March

June

September

September

2021

2028

2028

2028

2030

Approximately

6 Months

2 Years

6.7 Years

If ANZ chooses, and certain

If the Mandatory Conversion

conditions are met, Notes will be

Conditions are met, Notes

Converted,

Redeemed or

will be Converted on this date

Resold on this date

There are certain other events that could occur at any time which may result in Notes being Converted, Redeemed, Resold or Written Off.

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

ANZ - Australia & New Zealand Banking Group Ltd. published this content on 01 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2021 22:23:01 UTC.


© Publicnow 2021
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